Ashington offshore firm applaud oil and gas strategy

North East engineering firm, FES International says the Government’s plans to stimulate investment in the oil and gas industry are paying off.

The supplier of components for offshore operations say the oil and gas strategy pushed by the Government and tax relief on decommissioning expenditure is paving the way for increased investment in the North Sea.

Ashington-based FES has won several multi-million pound contract wins over the last year and is planning further expansion.

The firm say 90% of its products are manufactured within a 35 mile radius and employs in excess of 300 people in the supply chain.

Rob Anderson, managing director of FES International said: “This is a North Sea Oil revival that is made in Britain. As a company we’re very much export focused, with clients in countries such as Australia, Brazil and Malaysia among others. In recent months we’ve noticed an increasing number of opportunities coming from firms operating the UK continental shelf.”

“Opportunities in the North Sea are becoming increasingly technical and challenging. Sophisticated UK engineering firms like ourselves are well placed to help maximise the recovery of Britain’s oil and gas reserves.”